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>>> this is today's "worldwide exchange." i'm ross westgate. here are the headlines from around the globe. another shanghai surprise. beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better?
" finest, columnist ralph, and ross. ross, i'm going to start with you. you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds that have ended in deals in the last couple years, but in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and republicans have persuaded themselves not completely convincingly in my view, but they have persuaded themselves it's much better to accept slightly higher taxes that they themselves don't have to vote for directly, even though they'll still be casting a vote for new tax rates, they'll be able to say, well, taxes have already gone up and we're just voting to cut them. so that's sort of how, at least, i think both sides are persuading themselves to sort of tip-toe off the cliff. >> and charles, i know you think republicans have more to lose
. >>> let's hand over to "worldwide exchange." that is it for "squawk box." ross will pick it up. >> yes, here are the headlines take. european stocks firmly in the green in early trade as investors and analysts cheer aerospace's new ownership structure. draghi expected to hold off on rates and bond purchases. timothy geithner has drawn a line in the sand. he says the white house is prepared to go over the fiscal cliff if republicans don't give in on higher taxes on the wealthy. you can see we're weighted to the up side by a ratio of 8:1 at the moment. finland is not trading today, so you may see some quotes not doing very well. we saw apple stock having the biggest loss in four years. the ftse yesterday slim gains really. up 0.4%, the dax up a quarter of a percent. is this a this is where we stand as we wait for the announcements from the ecb. we're up at a 52 week high for the xetra dax. cac 40 up half a percent and ibex up half a percent, as well. take a look at bond yields. we looked at that auction yesterday from spain. they raised 4.3 billion. years went lower. nevertheless
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
! >>> this is "worldwide exchange." i'm ross westgate. a one meter high tsunami hits the ming a sgi pre miyagi prefecture as a 7.3 earthquake strikes. job growth in the u.s. is expected to have slowed significantly in november. and bundesbank sharply lowers germany growth outlook for next year, down to a mere 0.4%. very good morning to you. slim gains yesterday for u.s. markets. right now we're called marginally higher. pretty flat opening actually. dow seven points below fair value. the nasdaq mini currently some four points below fair value and the s&p 500 also about 1.4 points below fair value, as well. so a cautious start. ftse yesterday up nine. right now flat. xetra dax currently just down four points, but it's at levels we haven't seen since january 15, 2008. and up nearly 28% this year. cac 40 up four point, ibex down half of 1%. despite sharply lower growth forecasts from both the ecb and the bundesbank again this morning. what it has done of course is help push down yields on bunds. you can see here this morning we're slightly higher on the session, but 1.30%. spanish yields a little bit higher
on an up or down vote, without having a majority of the majority. >> and ross, this is what speaker boehner said he wants to push off to the senate. but nothing we saw today can answer the big question. could house republicans now be ready to accept a compromise even if they don't like what is in it? >> i think a lot depends on what the democrats are willing to give at this point. and the democrats sort of have an interesting dilemma where it is sort of the bird in the hand issue, right? i think if you do have something come out of the senate where the tax threshhold goes up to $400,000, rather than 250,000, where there is some concession to democrats and republicans, i think there would be a lot of pressure on boehner to bring it to a vote and to have it pass again. it probably wouldn't pass with the majority of the majority. it would end up passing with a chunk of republicans, and a lot of democrats. but if the democrats just want to push things and say no, it is 250,000, i mean, that might not get out of the senate. and if it gets out of the senate i don't think it gets to the house. >>
fedex express ecember 22nd for christmas delivery. >>> welcome back to "worldwide exchange." ross westgate is away. i'm kelly evans and these are your headlines from around the world. a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days left until the fiscal cliff deadline. >>> markets are trading lower around the world on that news. ars, arse announcing make write-do write-downs. >>> and maybe there are just two hours to go before the end of the world. reports suggest there is panic buying around the world as the mayan calendar chicagos towards its cataclysmic conclusion. >>> well, let's check in on markets. if we can brick them in behind me, here is what's going on. u.s. futures, we see the s&p, nasdaq and dow jones all pointed well to the down sides. thin trading does tend to exacerbate the knee jerk reaction we saw out of the news on washington last night. so it looks like the dow could shed 160 points at the open. we'll keep an eye on this throughout the morning. across europe, the mood has been pretty
, not stellar holiday shopping season and let's bring in carol ross, former investment banker, knows a thing or two about shopping and investment petailers, i'm saying, i'm tired of the excuses. i'm tired of hearing, oh, it's sandy or it's that or that and there's always an excuse when the economy starts to weaken, i just any the economy is weakening. what do you say? >> well, i agree, i mean, obviously, people have less money, they haven't been working and they're underemployed, but i do think that this is the big piece, stuart, this is pessimism. because you have to remember, even in the face of no money and no job, which has been going on for a while. consumer credit capacity actually has been increasing and consumers have been deleveraging and their home values have been going and theoretically they have more credit capacity, the fact that they're not using that capacity says to me, they're not optimistic about the future. >> i can see that this fiscal cliff thing is a problem. because nobody knows what's going to happen. you have no certainty for next year, so, i can see the fiscal clif
ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the ma
" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax in 2013. rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over
on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. andrew, welcome back. i hope you're feeling better. >> thank you. i had a little bit of a stomach bug. >> we're all a little sick around the table here. >> i know. it's a little -- i feel like weak, you know when your bones feel a little something? you had that, joe, two weeks ago, right? >> exactly what you had. you didn't -- you remember -- i remember bridesmaids, right? i'm not sure what all that came out of. i had both going. you didn't have both going? you are the just -- you were hurling. >> i was, i was. in the middle of the night. i had to send an e-mail to the producers. >> it's very weird. it's not even a 24-hour thing. >> no, i will say it was going by when the show was still going on. >> we have a pro gun advocate on. >> you didn't throw up when -- okay. >> by the way, a viewer has offered to take me shooting in new jersey at a shooting club. >> i saw a lot of stuff. >> i'm taking him up on it. but we have news to get him up to. >> some people hold that second amendment thing, they actually think it means
to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour? "youngblood?" >> i don't know this song. ♪ >> futures are higher not as much as before. 17 points or so. being up at all with the fiscal cliff really looking like we're -- why wouldn't we head over. you go back to 39.6 on anybody 250 and above and ride in and lower taxes and be a hero. see republicans vote against that. >>> pre-christmas shopping rush wasn't much of a rush at all, at least not the type economists were expecting. a mastercard spending poll reports holiday sales were up .7 of a percent a year ago well below expectations. and we'll get a fresh read also on home prices when the monthly ca case-shiller report comes out at 9:00 eastern and congress thinks it will show 3.7% in prices for october from a year earlier, continued improvement. and netflix customers were hit by a partial holiday outage, some unable to access the service from clrm eve through thursday morning. they should have been spending time with the family around the hearth. >> a lot of
test in ross on christmas day. >> his family are putting up for war-torn courage helped from anyone with a bolt. >> san francisco police are asking for the public's healp in finding a m ugger they say robb won an inch shorter doll. >> police said a woman for car over friday and a street in tenderloin district a man came up to earn demanded money. after giving the money, the mugger grabbed one installed and hurled it into the street. the dog died after being taken to emergency vet hospital. >> blue skies on this chilly ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a spectrum 2 by lg for $49.99 >> walked back to the kron 4 morning new of this video coming from sky 7 ht. there is an accident on sell a tableau of them rode in orinda aron san tabl
on tonight. with ross advisory that goes into effect as well as a freeze warning overnight into tomorrow. what that means is that it will be very cold. temperatures right now are called is in the north bay. at 30 and santa rosa 35 vallejo. oakland is 33 degrees, mid-40s for downtown san francisco through san mateo. temperatures are continuing to drop until the sun rise. satellite and radar shows dry skies overnight and today we will overall state dry again. there's a chance for a stray showers in the north. there are showers in the riga area. there's a potential for showers late tomorrow night for the north bay and the cows. widespread rain for thursday friday and into the weekend and a bigger system comes through. 5:00 wednesday night and the north bay along the coast we may see some rain moving into the area. also the snow will be following vas well. rain moves and from the north and to the west and then it will rise by early thursday morning and become more widespread. it will be quite breezy so it will be a yucky, yucky day. 52 degrees in downtown san francisco a little below the ave
toll plaza in 2009. during his trial, nathan burris said he shot and killed debra ross and ercy everette because he was jealous of their relationship. he also said he had no regrets an preferred the death penalty instead of life in prison. >>> 8:05. a man to -- plan to expand a sikh temple in fremont is running into complaints. the temple is on ridarra road in the niles district. temple leaders want to expand it from 28,000 square feet to 41,000 square feet. some of the neighbors say traffic and parking were already a big problem because of the temple. >>> food service workers at oakland international airport may go on strike this week. the workers say they've been without a contract for months. they will go on strike unless an agreement is reached by midnight thursday. now, the two sides are arguing over healthcare costs. the workers also say the airport contractor has proposed getting rid of paid meal breaks and freezing hourly wages. >>> today, a proposal to lower taxi medallion fees in oakland is being considered of the plan would reduce the fees in half to about $500 a year
control between my ears great road and for ross wrote in sonoma county on saturday whether permitting that segment of road has been closed when storms underg mind the ground. >> a hit and run driver will inch for pedestrians and san francisco's twin peaks neighborhood is under arrest. the accident was reported shortly before 9:00 on christmas tree with gold. three professors were struck by that sedan. there was a fourth person. he managed to drop out of the way. one of the victims being treated for light trading injuries. there was an occupied in the vehicle that sustained minor injuries. california's utility regulators have decided to allow pg&e pass on part of the cost of pipeline upgrades to the customer. the utility company was ordered to improve the safety of its natural gas pipeline system following the massive 2010 explosion in san bruno which destroyed an entire neighborhood and left eight people dead. >> not with the approval of state regulators pg&e customers will pay more than half of the cost of the $2.2 billion upgrade. this translates to about $1 more on utility bills. c
behind the tragic shooting this past friday. abc's brian ross has been following the story from the very start. and he joins with us the latest on the investigation. >> reporter: good morning, elizabeth. police say they will go back to the day that adam lanza was born in their efforts to figure out the twisted motive behind this rampage. and why a young man so troubled would be given access to such powerful weapons by his mother. even taken to target practice by her. every gun shop and range within 15 miles of the crime scene is being canvassed by police and federal agents. >> they want to look at the last couple months to see what was going on. >> reporter: authorities want to know why nancy lanza bought the bushmaster rifle that her son would use to kill her and other victims. >> that weapon, from the day it was built, to the day it was here, we'll look at it from stem to stern, who has had it. all of the clips, ammunitions. >> reporter: demonstrated here on the company youtube channel, the bushmaster rifle can fire 45 rounds in a minute, slightly modified so it is legal for sale, desp
that name is still buying to be on your arm or your back or ross you decide but it. i remember being in a whole food store. she was 20 at most. she was wearing a look at top from 20 yards away you could read the tattoo that spread all across her chest. it read begin. huge global letters. it will never go away. whether or not she ever it's a stake or eight again. why mark yourself alive tonight why put an ugly blotch understand? by the way, over time most tattoos eventually start to look like a bruise. for some reason the urge to markers of has become fashionable on last 45 years, but i think that fashion has run its course. there must be a lot of people who would now love to get that ugly mark off. here's a business opportunity. , but the guaranteed tattoo removal technology and open a chain of tattoo removal parlors a sure-fire winner. i hate those things. ...so as you can seeico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is comput
and steve liesman who is in for andrew ross sork been. the futures are weaker this morning. the dow futures only down 15 points right now so they've shown some improvement. s&p futures down 1 1/2 points. investors focused on the november jobs report which is out 90 minutes from now. the dow jones forecast is calling for 80,000 new nonfarm jobs for november with the unemployment rate remaining at 7.9%. reuters is expecting 93,000 jobs. >>> there's no deal to resolve the fiscal cliff but there are indications of inside-the-scenes talk. the white house told reporters that lines of communication remain open not sure exactly what that means but a spokesman for house speaker john boehner used a similar phrase. maybe that means call me? i don't know. analysts say there are some suggestions that there's real progress that can be made. >>> a 7.3 magnitude earthquake hit the northeastern coast of japan this morning, the same area as the devastating march 2011 quake. but there was a tsunami warning canceled and reports of injuries or damage even though the quake shook buildings. workers at the fukushi
" begins right now. >>> good morning, everyone. welcome to "squawk box" on nbc is. andrew ross sorkin is out today. we hope he's feeling better soon. >>> as we've been talk being the fiscal cliff this week, president obama and speaker boehner appear to be inching toward a deal. last night republicans announced plan b in case talks fail. they'll be moving to pass their own tax bill as a backup plan to avert the tax hikes. and the automatic budget cuts set to happen next month. it would extend low tax rates except on those with incomes of $1 million and above. president obama's latest position puts that threshold at $400,000. >> at this point, having a backup plan to make sure that as few american taxpayers are affected by this increase as possible. >> now no one expects that the gop bill will pass the democratic-controlled senate. in fact, harry reid said forget it, they're not going to be passing any of these things. but this is another option out this. and it does change the dynamics in terms of who's going to be blamed for raising taxes. we'll see how this plays out. >>> among our g
. >> it is a popular browsers store. they have 19 ross stores across the bay area another tent in the west coast. 19 across the bay area. the company's ch-- this will result in the company leaving the united states that is catching people here by surprise. take a listen. that is kind of depressing because i think they had a good product. i am sorry but i would like to see them stay. >> i would be ok but i hope another store would open. i really would hold another store would open their. >> coming up at 8:38 a.m. you will hear from an employe of a nearby store and why he says it would cripple his business if this fresh and easy close as well. they are looking at all out as as it pertains to the future of their fresh and easy change in the united states the most a half-that they hope to have more answers by april. >> the time now is 7:33 a.m.. the prize for crab this holiday season might be going up. crab fisherman from san francisco, half moon bay, and the date they are on strike over prices. no bolts are leaving the docks. the problem started over the weekend when crab boat skippers for the fish bro
for residents to ross san jose. the >> welcome back. thousands of people are expected at pearl harbor today to mark the 71 anniversary of the japanese attack that killed more than 2400 american troops and pulled the u.s. into world war two. a moment of silence is planned for 755 local time today marking the moment the bombing began. rule of the guided missile destroyer will stand on deck while the ship passes the u.s. as arizona a battleship that still lies in the harbor where it sank. >> and world news. the death toll from a typhoon that hit the southern philippines has climbed to more than 500 people. and more than 400 people are still missing. rescuers continued to search through the mud and debris. more than three a and a and 10,000 people have lost their homes since the typhoon struck on tuesday. >> the bay area quality management district has received a $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles to fleets. the grant will go toward the california fleets in workplace alternative fuel projects. the grant will l
of the u.s. trading session. thank you for tuning in this morning. i'm kelly evans. ross westgate will be back here on friday. so we'll see you back then. maybe tomorrow, too. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning, fiscal cliff countdown. house republicans unveiling what they're calling plan b. >>> tech toughness. oracle sales will stay strong into the new year despite fears of tax hikes and spending cuts. >>> plus, libor rigging.
, the marshall's of the world, the ross stores, the t.j. maxx. they are doing just fine. the middle and perhaps the high end is feeling some pressure today. >> good see you, sir, happy holidays, thank you for joining us. david henry, ceo. >>> we were flat maybe six or seven minutes ago, quickly lost 90 points, do you new down 78 on the dow. s & p broken below the 50-day moving average, of course, after senator reid says it looks like where we're headed, his words, of course, referring to the fiscal cliff. still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to
Search Results 0 to 24 of about 25 (some duplicates have been removed)